Office · Sugar Land, Texas
Sugar Creek Center
Sugar Creek Center is financed with a $26.6M CMBS loan at 4.69% that reaches maturity on June 6, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $26,575,622
- Original balance (same notes)
- $29,000,000
- Interest rate
- 4.69% fixed
- Originated
- May 17, 2019
- Maturity
- June 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- July 5, 2021
- Master servicer
- Trimont LLC
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred January 12, 2024
- Workout strategy
- Other
- Defeasance
- Partly defeased
The property
- Address
- 1 Sugar Creek Center Boulevard, Sugar Land, TX 77478
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 193,996 sq ft
- Built
- 1983, renovated 2017
- Largest tenants
- AMEREX GROUP LLC; The Pronet Group; Wholesome Sweeteners
- Value at securitization
- $41.1M (Apr 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.77x | 0.59x |
| Occupancy | 87% | 70% |
| Net operating income (annualized from 6 months) | $3.2M | $1.1M |
| Debt yield | 4.0% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2019-C52 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 87% when the loan was securitized to 70%.
- Net operating income is 67% below the underwritten figure ($1.1M a year against $3.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.77x at securitization to 0.59x on the latest statements.
- At 0.59x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $21.9M (February 18, 2026), against $41.1M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $26.6M | 90+ days delinquent | Yes | 0.59x | 70% |
| August 2026 | $26.6M | 90+ days delinquent | Yes | 0.85x | 67% |
| July 2026 | $26.6M | 90+ days delinquent | Yes | 0.85x | 67% |
| June 2026 | $26.6M | 90+ days delinquent | Yes | 0.59x | 70% |
| May 2026 | $26.6M | 90+ days delinquent | Yes | 0.53x | 63% |
| April 2026 | $26.6M | 90+ days delinquent | Yes | 0.53x | 63% |
| March 2026 | $26.6M | 90+ days delinquent | Yes | 0.53x | 63% |
| February 2026 | $26.6M | 90+ days delinquent | Yes | 0.53x | 63% |
| January 2026 | $26.6M | 90+ days delinquent | Yes | 0.53x | 63% |
| December 2025 | $26.6M | 90+ days delinquent | Yes | 0.53x | 63% |
| November 2025 | $26.6M | 90+ days delinquent | Yes | 0.53x | 63% |
| October 2025 | $26.6M | 90+ days delinquent | Yes | 0.53x | 63% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Special-servicing history
- Transferred to the special servicer January 12, 2024, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C52 | 8 | $26,575,622 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Woodlands Mall | The Woodlands, TX | Retail | $247.6M | 4.256% | Aug 2029 | 4.02x | 84% | Current |
| Baybrook Mall | Friendswood, TX | Retail | $205.7M | 6.816% | Aug 2029 | 1.65x | 91% | Current |
| 9950 Woodloch | The Woodlands, TX | Office | $127.4M | 7.075% | Jul 2029 | n/a | n/a | Current |
| Cortland West Champions | Houston, TX | Multifamily | $78.4M | 5.893% | Oct 2029 | 1.64x | 91% | Current |
| Verde Apartments | Houston, TX | Multifamily | $78.0M | 6.79% | Dec 2029 | 1.13x | 81% | Current |
| Marqe Entertainment Center | Houston, TX | Retail | $70.0M | 7.27% | Apr 2029 | 1.61x | 99% | Current |
| Falls Houston Multifamily Portfolio | Houston, TX | Multifamily | $63.3M | 6.944% | Jul 2029 | 1.38x | 89% | With the special servicer and 90+ days delinquent |
| NOV Headquarters | Houston, TX | Office | $39.2M | 4.63% | Apr 2029 | 1.83x | 100% | Current |
All loans maturing in 2029 · All Houston-Pasadena-The Woodlands loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.